DHL Supply Chain to invest 500-mn Euro in India over next 5 years
Contract logistics provider DHL Supply Chain will invest 500-million Euro (around Rs 4,000 crore) in India over the next five years to expand its warehousing capacity, workforce and sustainability initiatives.
With this expansion, DHL Supply Chain will add 12 million sq ft of warehousing space in its existing portfolio to take its total capacity to about 22-million sq ft by 2026, the company said in a statement on Wednesday.
The company will add this 12-million square feet of capacity in wholly-owned DHL multi-client sites in key metro cities such as Bangalore, Chennai, Kolkata, Mumbai, NCR and Pune, to cater to growing sectors such as e-commerce, retail, consumer, manufacturing as well as automotive.
Moreover, multi-client sites are being built in the fast-growing state capitals and tier-2 cities such as Baddi, Cochin, Coimbatore, Guwahati, Sanand, Indore, Lucknow, Bhubaneshwar, Hosur, and Visakhapatnam, among others.
It also plans to double its workforce in India to around 25,000